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Gold and salt are examples of commodity money in economics. Commodity money is backed by the intrinsic value of the goods or commodities themselves.
chrisverton30
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What was the Persian economics system in 500 bc?
gold
The most liquid form of money is?
Cash but unfortunately it is not safe from inflation so the second most liquid there is is gold. Gold coins
If an economy used gold as money its money will be?
If an economy uses gold as money, it's money will be coins.
What are reasons for US fixed the price of gold in 1940 s and disbanded in 1970 s?
When money is backed by gold, it is not possible to expand the money supply. Expansionary monetary policy in modern economics is commonly used as a way to combat a recession. This is arguably one of several reasons often cited as to why the great depression was as bad as it was. With the gold standard, the Federal Reserve had no way to expand the money supply as they could only print as much money as there was gold. On the other hand, a continually increasing money supply can create inflation that spirals out of control. The Federal Reserve tries very hard to balance increasing the money supply (preventing resessions) with measures to prevent inflationary pressures.
Why do miners melt gold into money?
Miners do not and are not allowed to melt gold into money.
What are the examples of commodity money?
gold
What are examples of commodity money?
gold
What role did economics play in the desire of Americans to go west?
They didn't have money so they were desperate for money or gold and decided to move west.
What is an example of commody money?
The term you are looking for is commodity money. Some examples of commodity money are gold and silver.
What are some examples of commodity money?
gold, silver, copper, foods, alcohol, cigarettes, and drugs can all be used as commodity money.
What is Rich Gold Bullion?
There is nothing in relation to gold called "rich gold bullion." The wording is used in a money-making skeme in the form of "Sell Gold and Grow Rich Gold Bullion Money Making System." Not much information can be found online about it.
What was the Persian economics system in 500 bc?
gold
Is cash for gold trustworthy?
Gold is full bodied money with intrinsic value for the face value against the representative paper money with reserve kept in form of gold as legal tender money and therefore trustworthy only if the quality,value and ownership of the gold will not entail any legal hassle.
The most liquid form of money is?
Cash but unfortunately it is not safe from inflation so the second most liquid there is is gold. Gold coins
Did George Washington create coin money?
No. Money in the form of coins had been around long since before George Washington was even born. This was in the form of gold coins.
Is gold still in rock form wroth money?
it is worth money but it is worth a lot more if the ore is removed from the rock/mineral
Will Gold replace paper money?
It is unlikely that gold will replace paper money as the primary form of currency. Paper money is more convenient for everyday transactions and is backed by governments. Gold is more commonly used as a store of value or investment asset.
